Author
Minal Bihani
Certified Accountant and founder of Somani Global. Minal leads a team of Certified Accountants, CPAs and Enrolled Agents in New York and Mumbai that prepares US business tax returns, keeps books on QuickBooks Online and Xero, and acts as virtual CFO for owner-run businesses, with a particular focus on non-resident founders who own US companies.
What Minal writes about
The guides on this site come from the same place as the work: real sets of private company books, with the details changed. They are written for founders, operators and investors rather than for other accountants, one idea at a time, ending with something the reader can check on their own numbers. Where a rule is uncertain or has changed recently, the guide says so instead of pretending.
Nothing here is advice for your situation. The free 30-minute call is where the situation gets discussed, and where the answer is "you do not need us", Minal says that too.
Guides by Minal Bihani
- Form 5472 explained for foreign-owned LLCs
- What a late 1120-S or 1065 really costs
- The business tax extension, properly understood
- Unfiled business tax returns: what to do, in order
- IRS penalty abatement: first-time relief and reasonable cause
- Single-member LLC taxes, explained without the jargon
- S-corp vs LLC: which saves more tax, and at what profit
- Reasonable salary for S-corp owners: how to set it and defend it
- Quarterly estimated taxes for LLC owners in 2026
- Business tax filing checklist for 2026
- The US LLC for Indian founders: a tax and compliance guide
- First-year compliance for a non-resident-owned US LLC
- Wyoming, Delaware or New Mexico: choosing an LLC state as a non-resident
- Do you owe US income tax? Effectively connected income and Form 1040-NR for non-resident LLC owners
- W-8BEN or W-9: which form does your LLC give, and which do you?
- Getting an EIN without an SSN: what to expect
- Opening a US business bank account for a non-resident-owned LLC
- How to dissolve a US LLC properly
- Catch-up bookkeeping: what to do when you are months or years behind
- QuickBooks Online vs Xero for a US small business
- The monthly close checklist for a small business
- E-commerce bookkeeping: payouts, cost of goods and sales tax
- Sales tax nexus explained for remote sellers
- The 1099-NEC guide for 2026
- How to set up a chart of accounts that stays useful
- The 13-week cash flow forecast: the one report that predicts trouble
- Investor-ready financials: the data room checklist
- Deferred revenue explained for founders
- Gross margin mistakes small businesses make
- Cash vs profit: why your bank balance lies to you
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